Quote:
Originally Posted by glynparson
They specifically call
Out vintage. They aren’t really wrong about prices declining but I know nobody that thought those insane increases would go on forever.
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As I recall, we had several pumpers claiming that things would only go up during the spikes, that the best time to buy was yesterday and the second best time today. That time in the market is what matters (possibly so, in general), that demand will only increase. That these gains will continue and so much so that people should not only hold and buy more, but they people should
take out loans for money they don't have and drain their 401K's and suffer the huge tax hit to reinvest them into cards instead and put everything people had into the card market. That advice given on these boards sure sounded like people arguing the gains would more or less continue inexorably forward.